Warren Buffett's Berkshire Hathaway is buying the owner of Omaha's daily newspaper, the World-Herald. In a news release, Buffett is quoted as saying the World-Herald "delivers solid profits and is one of the best-run newspapers in America." The release also notes that Buffett sees the purchase as "consistent" with a past owner's "vision for local ownership." The purchase is somewhat surprising, as Buffett has often conceded that while he loves newspapers, the industry doesn't have a very bright future.

Longtime baseball fan Warren Buffett tells the New York Times who he thinks will be the next home run King after Barry Bonds, why he doesn't own a major-league team and what he learned about investing from Boston Red Sox great Ted Williams.